Shareholders Are Urged To Participate In An Investigation Of Wolfspeed Inc For Potential Securities Law Violations

Rhea-AI Summary

The Schall Law Firm, a national shareholder rights litigation firm, has announced an investigation into Wolfspeed, Inc. (NYSE:WOLF) for potential securities law violations. The investigation focuses on whether Wolfspeed issued false or misleading statements or failed to disclose important information to investors.

The investigation was prompted by a Reuters report published on June 20, 2024, which revealed that Wolfspeed had delayed plans to build a $3 billion plant in Germany. According to the report, construction won't start until mid-2025 at the earliest, two years later than originally planned. This news caused Wolfspeed's shares to fall by 8.62% on the same day.

Shareholders who suffered losses are encouraged to participate in the investigation and contact The Schall Law Firm for more information.

LOS ANGELES, CA / ACCESSWIRE / August 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wolfspeed, Inc. ("Wolfspeed" or "the Company") (NYSE:WOLF) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Wolfspeed is the subject of a Reuters report published on June 20, 2024. According to the report, the Company had "delayed plans to build a $3 billion plant in Germany" and "won't start construction . . . until mid-2025 at the earliest, two years later than its original target." Based on this news, shares of Wolfspeed fell by 8.62% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

View the original press release on accesswire.com

FAQ

What is the investigation into Wolfspeed (WOLF) about?

The investigation focuses on whether Wolfspeed issued false or misleading statements or failed to disclose important information to investors, particularly regarding the delay of their $3 billion plant construction in Germany.

How did Wolfspeed's stock (WOLF) react to the news of the plant delay?

Wolfspeed's stock (WOLF) fell by 8.62% on June 20, 2024, following the Reuters report about the delay in the company's plans to build a $3 billion plant in Germany.

When is the new expected start date for Wolfspeed's (WOLF) plant construction in Germany?

According to the Reuters report, Wolfspeed (WOLF) won't start construction on the plant in Germany until mid-2025 at the earliest, which is two years later than their original target.

Who is conducting the investigation into Wolfspeed (WOLF)?

The Schall Law Firm, a national shareholder rights litigation firm, is conducting the investigation into Wolfspeed (WOLF) for potential securities law violations.

How can affected Wolfspeed (WOLF) shareholders participate in the investigation?

Shareholders who suffered losses can participate in the investigation by contacting Brian Schall of the Schall Law Firm at 310-301-3335 or through the firm's website at www.schallfirm.com.